There are now 60,000 fewer households willing to pay Comcast for its cable television services than there were a quarter ago. The New York Times reports that Comcast lost 60,000 cable subscribers over the past quarter, which was “62 percent worse than the more modest losses it reported in the first quarter of 2012.” That said, losing all those cable subscribers hasn’t hurt Comcast’s bottom line since the company also reported Q1 2013 earnings of $1.44 billion, an increase of 17.4% from the earnings it reported in Q1 2012. The Times says that Comcast’s improved earnings “were partly the result of more expensive cable bills for 72% of Comcast’s subscribers.”
60,000 customers cut the cord on Comcast cable in Q1
Published May 1st, 2013 1:55PM EDT
If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs.
This article talks about:
Comcast
Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
